Morgan Stanley has filed with the SEC to launch a spot bitcoin ETF, the Morgan Stanley Bitcoin Trust, which will hold bitcoin directly. The firm is also pursuing a Solana ETF, indicating a significant shift toward developing its own crypto investment products amid rising institutional interest.

21Shares has launched its Solana ETF, TSOL, on the CBOE, joining other firms like Fidelity and Bitwise in the growing market for crypto ETFs. Despite current market slumps, analysts report positive inflows for Solana ETFs, totaling around $2 billion.

Franklin Templeton has introduced a Solana ETF, trading under the ticker SOEZ on NYSE Arca. This fund incorporates staking rewards and reflects Solana's growing role in the digital economy, attracting interest from both developers and institutions.

Fidelity's application for a spot Solana ETF has been acknowledged by the SEC, moving it closer to potential approval. Meanwhile, the price of Solana dropped by 15% due to market turbulence following President Trump's tariffs.

Bitwise has announced a 0.20% fee for its Solana staking ETF, which is lower than anticipated according to analysts. This fee aligns with the range seen in previously approved Bitcoin and Ethereum ETFs, as the SEC continues to evaluate numerous crypto ETF proposals despite recent operational limitations due to a government shutdown.

Franklin Templeton, Galaxy Digital, Grayscale, VanEck, and Fidelity have submitted updated S-1 filings for spot Solana ETFs, suggesting the SEC may be closer to approving these products. The SEC's request for amendments indicates a potential timeline of two to four months for approval, with a focus on in-kind redemptions and staking strategies.